The easiest thing to do is remove the refund and perform a new grant refund with the correct choices.

To remove the refund:
  1. Open Application History in Grants or Scholarships
  2. Find the correct application
  3. Click the Payment Lines tab
  4. Highlight and right-click the Refund line
  5. Choose Reverse Adjustment and Yes to the message box.

The Refund adjustment is now removed.  Neither journal entries, nor gift adjustments have been made, so additional actions might need to be taken to correct the cash receipt portion of the original refund.